POLONIEX:XEMUSD   NEM / US Dollar (calculated by TradingView)
My next vision is basically constructed with new approach to technical analysis , presented by this guy
Sep 18
Comment: I have found many attraction points, that pull the price up and down. In last weeks, after creating ATH, XEMs price was pulled down by three attraction points (near 4-5cents levels). But i also have found recently two attraction points (@ 0.5$ and 1,7$).
Sep 18
Comment: This chart shows how i found this lower points:

Sep 18
Comment: And how i have found point around 1,7$

Sep 18
Comment: I'am publish this just out of curiosity how the price movement of XEM can be reflected, accordingly to those points of attraction. Who will win the struggle, bulls or bears. Personally i know (my gut have told me so long time ago) that there is market maker for XEM. I know who is this guy, and group behind it, but i 'am even not willing to write it here. He/they uses/use probably trading bots in exchanges, to steering price up or down (accordingly to situation in BTCUSD). He/They can of course make the price to plunge even to few cents, and build after that massive wave up to levels, where is convenient to realise profits from accumulated, cheaper XEMs.
Sep 18
Comment: We can only watch this moves, and try to anticipate. Good indicator is for me as always behaviour of BTCUSD, but i'am sure, that market maker will try in the future unpair both (BTCUSD, XEMUSD) price movements.
Sep 18
Comment: Of course if level 3000 @ BTCUSD will be broken i dont even think that XEMs market maker will let XEMs fly. Probably in this case (breakink so important level for BTCUSD) we can see more blood on XEMUSD. But if BTCUSD situation will be stagnant or more bullish, he can make everything, with massive spikes up included.
Sep 18
Comment: If the theory of trendlines converged in one point of the logarithmic chart is true, we have @ 1.7$ powerful attraction point. He's more attratcive than those three attration points created by other trendlines around 4cents (every from this points was created by only 3 trendlines). The rule is as i understand this theory, that attraction point is more attractive and magnetic, the more trendline point he out.
Sep 18
Comment:  
Sep 18
Comment: I should name this picture, "sword of destiny" :) This sword point out XEMs goal.
Sep 18
Comment:
Market maker accumulates in areas of bottoms, and then distributes for "trend" and "formation" players, that are moments on A/D, when we see drop. If XEM will brake orange line we should see spike up on larger volume, but also distribution and retesting this line, and distribution should go nearer @A/D to the lower blue trendline, or even touch it in extreme situation.
Sep 18
Comment:
This bigger picture show what is played with A/D. Obviously Cup&Handle formation. She's not even fulfiled in a half, so i suppose XEMs price should go to much higher levels if this formation wants to be fulfiled.
Sep 18
Comment: But A/D is tricky in shortterm play. Longterm however shows sometimes direction.
Sep 18
Comment: So i'am nor saying You "accumulate at all costs, sell Your car, house, mother, father, children and wife and whole entire family" to get in to this train. You must choose for Yourself. There's a plenty of other coins, assets, securities, forex pairs. But for me XEM is gem. And i will stay by it, and not sell even if it drops to few cents. There will be other bubble in other year as it was in this year;)
Sep 18
Comment: Which way XEM will choose?


Path of glory, or path of hell?
Sep 24
Comment: Now i see many attraction points, but those bullish are much stronger than bearish points.
Sep 24
Comment:
Sep 24
Comment: This rising wedge building is very promising for XEM, but the way to glory is not simple as it looks. Many obstacles on the road.
Sep 24
Comment: 12cents looks like attractive point to enter long in case of price retrace below 16cents.

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